'Chinese Warren Buffet' should get 10 years for fraud, Crown argues

Weizhen Tang, the self-proclaimed

Weizhen Tang, the self-proclaimed "Chinese Warren Buffett". (ERNEST DOROSZUK/QMI Agency files)

Sam Pazzano, QMI Agency

, Last Updated: 8:26 PM ET

The self-proclaimed “Chinese Warren Buffett” should be imprisoned for up to 10 years for his massive fraud, a Crown attorney argued Wednesday.

Prosecutor Gavin MacDonald said Weizhen Tang, 54, portrayed himself as a successful investor by throwing lavish parties to lure 200 people into a $52-million fraud.

“He provided statements that falsely indicated the investors were making money hand over fist,” MacDonald said.


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